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Wednesday, March 17, 2021
THE HAPPENING WORLD: Illegal Content on the Bitcoin Blockchain
Illegal Content and the Blockchain https://t.co/Cnu6JeeAVe
— Schneier Blog (@schneierblog) March 17, 2021
It is possible to embed arbitrary content on the Bitcoin blockchain. What happens when prohibited content (pornography, government secrets, copyright-protected material, etc.) is published there? By design, there is no way to “unpublish” data on a blockchain without “forking” the cryptocurrency it supports. Bruce Schneier examines the possible consequences of this.
Frankly, I've been surprised this has not happened on a large scale long before now. With the growing prominence of Bitcoin and the raging “cancel culture”, it looks like a bonfire ready to be lit.
Posted at March 17, 2021 13:10